New-York tribune., 1887-11-21
7HL PEIEOLETW M4RKEL

NrwS FROM THE FIELD AND GANF1 or PH1'ts
There las essential. change tho petroleum stu
alton since oli ll. review T.cl- ,, speculative actv.
operators fora r,c ndu u more or loss comp. nt
that urc~. not sivauc- Had tc Developments 90 SAXON.
hur- taken the 'plrs that was cXprcie a te "arL
tac ucI by tar uo, drilled out would probably
have aHiuu aut become subordinate factor
.o tc market A.t- now ~aNoubur- Stl attracts attcn
ton an deterrent influence upon tc -pecua' W.
runc There doc ci activity .u tins hri and before The
wear ou, IT, character VIII hc undoubtedly established!
pool hkclv Go aid seriously TO the
supply oi The we'll. Lack stability aud So FAR her inh-
SPECIFY oNhaustiou o. TINS h'shy district weiue OF
not larger thAn believed The gauge o the saxon
nlr field o. saturday was ,Gl barrels thirteen wells
inve we'll, orpeo"d average ~ "2o barrels per
W.. against barrels from twelve wells Al average "
20 barrels pcr well wcek Hero is decline ~ ld'
barrel. ~ PRODUCTION and decline Of thirty barrels IN
th, average Weld of each well.
certainly significant that spite 81 thc suggshuess
speculation and the efforts Of uc bears the re.
fined marhci dccd-d strength with an increasing
tendency The fore rActs have been stronger
and the developing marked symptoms ot I'M
provemcut For the ended on saturday the deliveries
from the seven continental ror;sof Eurpp" amounted 10
l-UOOu Thcdclycies IN London were about -oVVJ
barrels making total ior the wroA Of l"oooo barrels
rnc, deliveries are unusual amount they are not the
largest fora sma" period II the shutdown move
ett su.flneI much longer with the success with which
n has far carried the trade oi E-ropc Will re'lo
that therc OF better values IN tho present
position than heo IA, been for long time II Will be adj
nttrd that the stocks carried abroad are sma-ri cuou'y
3d. ia f,,t producers able TO cut down the visible
snrp, here a. The lo0oo00 barrels mnnh Con
dcrng he o the Producers standard alliance Tor
tie reduction output aud the political uncertainties OF
Europe future foreign trade ~ cNpose position
scare supply not be improbable a. most
op.raor- brrve And right here there l. food for
hoash the idea tst tho capital invested IL the uss"u
Industry 10 Ue a'' W" N,"'S unS , no' t lo ,urnvr
uvrs Of pure philanthropy surely - IeA' oAp'" ll ,,'r
would b. a. welcome to Roh.rhilds a. 1t would BE- 70
c ~tand OH ant the American on miner TAG
charters far tAs month have tAceec th' ppr le us
by by @ orG 4% oo'" " proston has already behind
tn, elycric, nearly sOoOo0 barrels We " not e1p.t me
sio~ ing for a The Indication; point To
iraGSS SSaSS oa1e. '"i The dan, NSSSes
TO ge' Of 9sll0 barrels in November 1886 and
6O9o5 barrels IN Noyenbsi iss' s ne y, VoyrnSr
lsSG Of s5 500 barrel, and IN NovemDer S'' OF oSd9t
y. 1 bare 1sn. an only I6o barrels
Noyember iSso n yener to rs chafers to The l5h)
inclusive as follows r,ce.,
nnn. p,!!ys,c. Dsiy:5is' sIy .5s cAaF'e,a 9as re-,
Total Sn; Il, 195S25 3: Ss5 S5o sS5so 4SsGs s535i
There slight increase in the % dGHnss G % craSs
was moi changed Values repeated again their recent per
TO the oil country late on the preceding sat:
uray was higher and -ongs 1ov. n the ua,sei TO ~ cents
lh was the lowest price Of he wess ggek IefovSy
coe.d and then selling movement effected reaction TO
boom the market III HPpe1rs @ oT,. ~ a. the hears Elimi
dency aud ehsas o"y @ D M ma psrcentaa. for the
traders scapng the bull side the transacons re-
absOrptOns by investors Inc Dulk
hands. aud they are hold
of realizing considerably hlgher prices
ieu Ia over This expectation
ma he erhel-ss nslrs true at
add TO the extent OF the
Contracts that covered some time Where one bear
barrels IN" reaction his place 10
,,sd law the short WHO The result o. this
short interest outstanding Is seen
-, the floor carrying OIL 1hei have ruled
IRON, 2h cents per 1000 barrels down 10 nat"
and tie low rates have been adver-
f,e; suniciently 10 draw into the loan crowd all
have not shown their position in the
Vel hut they the breaks
in shaEing out from bull but weak holders
whose presence more source OF weakness than OF
10 the bull side The market while closing tho
loves point OF tho week. fully steady.
The range OF prices and the total dealings National